On the other hand, Ether — which failed to stay above the $4,000 price level in December, implies a weakening market at the time.
According to Shaurya Malwa, an analyst for Coindesk’s markets “Among the major sellers in the past two months was the Ethereum Foundation, a nonprofit that oversees development on the Ethereum network. The foundation moved 20,000 ethers, worth over $90 million at the time, from its cold wallet to crypto exchange Kraken in November, which may have contributed to some of the selling pressure in the past two months.”
